Ever since the weekend massacre that resulted in the shutdown of two big banks and bailout of those depositors, stocks have been in a relentless uptrend. On the ES, 24 hour S&P futures charts, that uptrend now has 2-3 day and 5 day cycle projection…
I used to rail about this constantly but I’ve let it go in recent years. Nobody cares that the most widely followed measure of US house prices uses horseshit methodology that renders it a useless indicator of current conditions. Had you been following …
That’s what the market is telling us this morning. Honestly, I don’t see a path out of this morass. Which probably means that we will have either rocket launch or a thunderous collapse today.
Other than that, today’s sport level to watch is the 3…
Oop, there it is.
This uptrend is now extremely well established as it enters its 11th day from the low. The higher highs and higher lows have been persistent. The base breakout was tested and held. Its conventional measured move target is 4035. …
Every day at the stroke of noon here in Nice, there’s a cannon blast. This has been going on for 160 years. It’s to remind the mayor that it’s time to go home from his morning dalliance, lest his wife catch him.
For the longest time, every day wh…
Three two three two three. Has a nice ring.
But is it enough to take away the sting,
Of yesterday’s late selloff?
As we watch this morning’s round mound of rebound.
Where is Sir Charles now?
If they can keep a lid on it here,…
Today is the day where Jerry and the Rate Makers aka the FOMC gang, threads the needle, and lets us know not only the new rules of the new game, but its name. One thing is for sure, the name will start with “Not.” Because if there’s one thing that the …
The ES, 24 hour S&P futures have broken out again here in the pre market. They’re about 7 points above the peak set two days ago. OK, breakout is too strong a word, but the higher high confirms the uptrend and the validity of the conventional measu…
The ES 24 hour S&P futures sold off overnight, but US traders woke up this morning and bought the effin dip as usual. It remains to be seen if they’ll be sustained or punished when regular trading opens. The key area to watch for a rally signal wou…
Was yesterday destined to be a failed breakout? Only the Shadow knows. Stay tuned to the latest episode of Return to the Scene of the Crime on your local Capital Stoolcasting Company radio station. The rest of us will know soon.
My guess would be…
